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37 Days

Average Transaction Start to Finish

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96%

LOI Terms Match Final Lender Commitment

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50+

NCP Has Funded with Over 50 Lenders


Portfolio Lenders & Commercial Banks

  • ARM, 3-year, 5-year, 7-year, 10-year, and 15-year fixed rates

  • 25-year, 30-year, 40-year, and 15/15 amortization schedules

  • Declining balance, modified treasury, or yield maintenance prepay structures

  • Minimum loan amounts of $500K

  • Recourse & non-recourse options

  • No tax return programs

  • Flat lender fees available

Agency Lenders – Fannie & FReddie

  • FANNIE MAE DUS PROGRAM

  • 5, 7, 10, 12, 15 and 30-year fixed rates

  • Yield maintenance prepayment penalties

  • Top markets: 1.20 DSCR & 80% Max LTV

  • U.S. Treasuries + lender spread

  • Non-recourse, nationwide lending area

  • Programs for over 50 units & $10M loan

  • FREDDIE MAC SBL MULTIFAMILY

  • 5, 7 and 10-year hybrid & fixed periods

  • 20-year loan term for hybrid fixed periods

  • Loans up to $7.5 million in top markets

  • Top markets: 1.20 DSCR & 80% Max LTV

  • Partial & full-term interest only available

  • Various step down prepay structures


Conduit/CMBS Lenders

  • 1.25 DSCR, 75% LTV, and 30-year amortization

  • 5, 7, and 10-year U.S. Treasury SWAP rates + lender spread

  • Minimum loan amounts of $3M

  • Yield maintenance & defeasance prepay structures

  • Taxes, insurance, TI's & LC's, and replacement reserves structured as needed

  • Multifamily, Office, Retail, Industrial, Self-Storage, Hotels, and Student Housing

Construction Lenders

  • 65% - 75% LTC

  • WSJ Prime or LIBOR + lender spread

  • 18 - 24 month loan terms with extensions if needed

  • Interest and construction contingency reserves required

  • Credit for land value determined by deal

  • Proforma NOI needs to be sufficient for perm take-out loan


Credit Unions

  • 3-year, 5-year, 7-year, and 10-year fixed rates

  • 25-year & 30-year amortizations

  • No prepayment penalties and declining prepays available

  • Deals underwritten to note rate and 1.20 DSCR

  • Full sponsor global underwriting required

Private Money Lenders

  • Collateral based 60% - 65% LTV

  • 12 - 36 month loan terms

  • Interest only, no DSCR requirements

  • 7%-10% 1st trust deeds and 10%-15% 2nd trust deeds

  • 3-5 business day closings


Life Insurance

  • 3-year, 5-year, 7-year, 10-year, 15-year, 20-year, and 25-year fixed rates

  • 60% or less LTV preferred, however up to 75% LTV also available

  • Stabilized multifamily, office, retail, and single tenant assets

  • Yield maintenance prepay penalties

  • U.S. Treasury SWAP + Life Co. spread

Bridge & Structure Finance Lenders

  • up to 85% LTC

  • 12 - 36 months loan terms

  • WSJ Prime + 100 - 150 basis points

  • LIBOR + 300 - 400 basis points

  • Max loan amount subject to business plan pro-forma for take-out


SBA 504 Owner-USer 

  • 90% combined LTV

  • 50% of loan funded by local lender, typically 10/25 loan structure

  • 40% of loan funded by SBA/CDC, set 20/20 fully amortizing loan

  • Owner-user must occupy minimum 51% of rentable square feet

  • Guarantees required from subject business and sponsor

Other 

  • Specialty finance lenders - special use properties, foreign nationals, tier two sponsors

  • Corporate grade single tenant national finance companies

  • Private funds for cannabis related real estate

  • Owner-user non SBA 504

  • SBA 7A